Insurance Retention Strategist

1 week ago


Chandigarh, Chandigarh, India Prudent Insurance Brokers Pvt Ltd. Full time
Job Description

We are seeking an experienced Insurance Retention Strategist to join our team at Prudent Insurance Brokers Pvt Ltd.

Company Overview

Prudent Insurance Brokers Pvt Ltd is a leading insurance broker that provides tailored solutions to our clients. Our mission is to deliver exceptional service and build long-lasting relationships with our customers.

Job Summary

The Insurance Retention Strategist will play a crucial role in retaining existing clients and growing our business. This involves developing and implementing strategies to minimize risks, reduce costs, and enhance the overall customer experience.

Key Responsibilities:

  • Risk Management: Analyze client losses and claims to identify trends and areas for improvement. Collaborate with internal teams to develop risk mitigation strategies and implement them effectively.
  • Client Relationship Management: Build and maintain strong relationships with clients through regular communication, targeted marketing efforts, and personalized services.
  • Product Knowledge: Stay up-to-date with industry developments and ensure expertise in property, projects, and marine insurance products.
  • Quote Comparison and Procurement: Source quotes from insurers, prepare RFQs, and compare quotes to secure the best deals for clients.
  • Service and Delivery Monitoring: Continuously monitor routine services such as endorsement issuance, claims servicing, and policy servicing to ensure seamless delivery.
  • Review Meetings: Conduct review meetings with clients to discuss their needs, provide feedback, and set goals for future improvements.
  • Tailored Covers: Develop custom-built or tailored covers as required by clients to meet their unique needs.
  • Claims Analysis Reports: Prepare comprehensive claims analysis reports and present them to clients to ensure transparency and accountability.
  • Coordination: Work closely with internal teams, including operations, claims, and sales, to ensure seamless coordination and efficient service delivery.

Required Skills and Qualifications:

  • Bachelor's or Master's degree in a relevant field, preferably MBA in insurance.
  • A minimum of 3-9 years of experience in insurance companies, insurance broking firms, or client insurance/risk management teams.
  • Excellent client engagement skills, with the ability to handle multiple projects simultaneously.
  • Strong negotiation skills to secure favorable quotes and terms for clients.

Benefits:

  • Competitive salary: ₹1,200,000 - ₹2,000,000 per annum, depending on experience.
  • Opportunities for professional growth and development.
  • Collaborative and dynamic work environment.
  • Recognition and rewards for outstanding performance.


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